Heads Up
News
FCA Regulatory Round Up
Please see below for the latest from the FCA:
SM&CR regulatory references
Regulatory references are central to the Senior Managers & Certification Regime (SM&CR). They help firms make informed decisions about the fitness and propriety of individuals to whom they intend to assign Senior Management or Certification Functions (or appoint as non-approved Non-Executive Directors). We received feedback on the challenges...
FCA Press Release dated 30th December 2021
From 1 January insurers will be banned from quoting customers a higher price for renewing their home or motor insurance than they would pay if they were a new customer. Click link for full article....
FCA to introduce new Consumer Duty to drive a fundamental shift in industry mindset
Published 7th December 2021. New plans from the Financial Conduct Authority will ensure a higher and more consistent standard of consumer protection for users of financial services and help to stop harm before it happens. To read the article in full please click here...
FCA release consultation paper CP21/34
To read the paper please click the following link. We will be holding a bitesize session on the findings of this paper on the 23rd December 2021. See training page for details https://www.fca.org.uk/publication/consultation/cp21-34.pdfrd
Managing the Risks of Stress and Burnout
During this 1-hour session participants will learn about the effects of stress, how to manage stress, the link between burnout and mental health, and how to avoid burnout. This is an interactive session specially designed to ensure effective learning in a short timeframe within an online environment. By attending this event delegates...
Create Solutions webinar for the The Insurance Institute of Leeds & Harrogate: General insurance pricing practices market study – what you need to know
Today, Adrian Golifer presented a webinar for The Insurance Institute of Leeds.
Harrogate Webinar: General insurance pricing practices market study – what you need to know
What you need to know about the FCA’s package of remedies to make insurance markets work well for all consumers. Firms have made great progress in...
Remote or hybrid working expectations for firms – direct from the FCA
Please click the link for further information... https://www.fca.org.uk/firms/remote-hybrid-working-expectations#webform-submission-page-feedback-form-node-87661-add-form
Book now 28th October 2021 Free Bitesize session- 10-11am
You may be familiar with the term Management Information (MI) and you may have heard that the FCA will be looking more closely at outcome testing in the future. But what does this actually mean in practice? What does it mean in a small high street commercial firm, a large call...
Upping our game – Free Vulnerability best practice session 29th Oct 2021 – Our topic is Vulnerability Policy – Book now
Following the success of our recent Vulnerability focus events, we are pleased to announce the seventh of these FREE sessions for our clients. Our topic for this session is Vulnerability Policy Full details of the session is to follow... Cost: Free (for Create Solutions clients) Time: To be confirmed Date: 29th October 2021 To book: please...
FCA warns insurance firms over product governance rules deadline
FCA warns insurance firms over product governance rules deadline
Click the link below for further details: https://www.fca.org.uk/news/press-releases/fca-warns-insurance-firms-over-product-governance-rules-deadlineFCA Finalised Guidance on the fair treatment of vulnerable customers
FCA Finalised Guidance on the fair treatment of vulnerable customers Click the link below for further details…. FCA Guidance on the fair treatment of VC
FCA Business Plan 2021/22
FCA Business Plan 2021/22 https://www.fca.org.uk/publications/business-plans/2021-22 A number of topics are highlighted on the landing page: CEO message FCA change/transformation Consumer priorities enabling effective consumer investment decisions; ensuring consumer credit markets work well; making payments safe and accessible; and delivering fair value in a digital age Consumer Duty Wholesale market and its priorities Diversity and inclusion Environmental, Social & Governance International priorities Fraud Financial resilience Op resilience
